31 October Deadline for Paper Tax Returns

Her Majesty’s Revenue and Customs (HMRC) today posted a reminder on their website saying that if you are submitting your paper tax returns for the 2010-11 tax year, it must be submitted by midnight on Monday 31st October 2011.

If you don’t submit the paper return by this time then you will face a £100 penalty, regardless of whether you actually owe any tax or indeed pay any tax you owe on time.

Those filing online still have an additional three months longer to submit their returns, their deadline being the 31st January 2012.

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As had been expected, the 2018 Spring Statement update did not include any major tax policy announcements; rather it provided a number of consultations that suggest potential legislative changes in the future. Read more about the areas set for exploration here.